Purpose – Large infrastructure projects involve many different stakeholders. Risk allocation is negotiated between the public sector and the special purpose vehicle (SPV)/consortium. Moreover, risk allocation is negotiated between the shareholders of the SPV and between the SPV and its...

The share of privately managed road infrastructure throughout Western Europe is relatively high; the progress among these countries is unequally developed. While private concessionaires have been established in England, France, Spain, Finland, France, Italy and Portugal since the late 1950s,...

This paper gives an overview of the development of the Public PrivatePartnership-(PPP)-market in Germany during the last fi ve years. The PPP-marketin Germany is still quite young. Nevertheless, the standardization processhas already been started, especially in the public real estate sector. In...

PRIVATISATION AND THE USE OF PUBLIC PRIVATE PARTNERSHIPS(PPP) MODELS IN THE PROVISION OF ROAD AND HIGHWAYINFRASTRUCTURE HAS CONTINUOUSLY GAINED IN IMPORTANCEWORLDWIDE AND IN PARTICULAR IN EUROPE DURING THE LASTYEARS. TRADITIONALLY CONSIDERED AS A TYPICAL PUBLIC DOMAIN,MORE AND MORE OF THE TASKS...

Traditional financing of the Autobahns (motorways) through taxationis reaching its limits. For years, the road infrastructure has been used until itwears out. The level of investment in the road network does not match increasingtraffic flows. Without private involvement and firmly earmarked...